Amex Pay Over Time Limit

[Anonymous]

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@K-in-Boston wrote:
You cannot ask for a higher POT limit. Amex determines it at their own discretion. Being shut down when approaching the limit is going to depend on a lot of factors. This fool (me) carried close to the $35k limit on TWO charge cards at the ridiculous APR of 13-14% for close to a decade without being shut down. That was much better than some of the other APRs at the time.

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Is one's POT limit somewhat of an indicator of what one's charge Spending Power is ?    I only have a $3,000K POT limit on my new Gold Card, but I have no idea of what my charge Spending Power is out of the gate. I haven't made my first purchase with the card yet. I have been going back & foward in my mind as to whether to try that "Spending Power" tool on the website, but I am still leery of drawing a card freeze and FR... 

[Anonymous]

I don't think the two are at all related. I also got a 3k POT limit but when I but 10k in the spending power tool (just to try it out) it said I could spend that much. I didnt learn till after I did it that doing so could possibly trigger an account review. No ill effect so far though. I got the card and I'm using it just fine.

[UncleB]

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@Anonymous wrote:

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@K-in-Boston wrote:
You cannot ask for a higher POT limit. Amex determines it at their own discretion. Being shut down when approaching the limit is going to depend on a lot of factors. This fool (me) carried close to the $35k limit on TWO charge cards at the ridiculous APR of 13-14% for close to a decade without being shut down. That was much better than some of the other APRs at the time.

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Is one's POT limit somewhat of an indicator of what one's charge Spending Power is ?    I only have a $3,000K POT limit on my new Gold Card, but I have no idea of what my charge Spending Power is out of the gate. I haven't made my first purchase with the card yet. I have been going back & foward in my mind as to whether to try that "Spending Power" tool on the website, but I am still leery of drawing a card freeze and FR... 

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No, they aren't related at all.

My own POT limit is $35k, but I have no doubt that Amex would cut me off before I even got to a fraction of that.

At the time my POT was added $35k seemed to be the 'default' amount.  It may be that more recently Amex is assigning POT limits more in-line with what a cardholder would actually need (and be allowed to use).

[K-in-Boston]

I agree they're not related at all.  My POT limits are $35,000 on both Gold and Platinum.  There's no doubt in my mind that I could charge MUCH more than that in a month if I were so inclined.